Press Releases
Marcus & Millichap Brokers Sale of Fully Occupied Shopping Center in Columbia, South Carolina Metro
July 24, 2025
LEXINGTON, S.C., July 24, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Lexington Center, a two-building retail property in Lexington, South Carolina, for $6,847,000.
“Lexington Center has strong fundamentals, with excellent visibility, high traffic counts and stoplight access,” said Andrew Margulies, senior managing director investments. “The combination of a fully leased retail strip and a freestanding Verizon store, as outparcels to a Home Depot, helped the asset demonstrate a proven track record of upgrading the tenant mix under the previous landlord’s ownership. The asset sold at full price very quickly after being listed for sale.”
Margulies and Harrison Creason, investment specialists with Marcus & Millichap, exclusively marketed the property on behalf of the seller and procured the buyer.
Located at 5594 and 5596 Sunset Blvd., the 13,395-square-foot property sits on 1.72 acres and is fully occupied. Tenants include Verizon, Chipotle, Krispy Kreme, Fleet Feet and uBreakiFix. Built in 2007 and 2008, the center features a drive-thru, 81 parking spaces and visibility to nearly 37,000 vehicles per day on Sunset Boulevard.
The property serves as an outparcel to the No. 1 Home Depot within a 30-mile radius and is surrounded by major national retailers, including Walmart, CVS and Chick-fil-A.
“Lexington Center has strong fundamentals, with excellent visibility, high traffic counts and stoplight access,” said Andrew Margulies, senior managing director investments. “The combination of a fully leased retail strip and a freestanding Verizon store, as outparcels to a Home Depot, helped the asset demonstrate a proven track record of upgrading the tenant mix under the previous landlord’s ownership. The asset sold at full price very quickly after being listed for sale.”
Margulies and Harrison Creason, investment specialists with Marcus & Millichap, exclusively marketed the property on behalf of the seller and procured the buyer.
Located at 5594 and 5596 Sunset Blvd., the 13,395-square-foot property sits on 1.72 acres and is fully occupied. Tenants include Verizon, Chipotle, Krispy Kreme, Fleet Feet and uBreakiFix. Built in 2007 and 2008, the center features a drive-thru, 81 parking spaces and visibility to nearly 37,000 vehicles per day on Sunset Boulevard.
The property serves as an outparcel to the No. 1 Home Depot within a 30-mile radius and is surrounded by major national retailers, including Walmart, CVS and Chick-fil-A.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
